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ESAF Small Finance Bank Q4 sees double-digit growth in net interest income but profit sinks
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
The gross non-performing assets stood at 4.76% in the March quarter against 4.16% in the December quarter. Net NPAs came at 2.26% against 2.19% quarter-on-quarter. Shares of ESAF Small Finance Bank Ltd ended at ₹60.10, down by ₹0.36, or 0.60%, on the BSE.
Thrissur-based ESAF Small Finance Bank (SFB) on Wednesday (May 8) reported a 57.2% year-on-year (YoY) dip in net profit at ₹43.4 crore for the fourth quarter that ended March 31, 2024.
In the corresponding quarter, ESAF Small Finance Bank posted a net profit of ₹101.4 crore, the bank said in a regulatory filing.
Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, increased 18.4%, coming at ₹590.7 crore against ₹498.9 crore in the corresponding quarter of FY23.
The gross non-performing assets (NPAs) stood at 4.76% in the March quarter against 4.16% in the December quarter. Net NPAs came at 2.26% against 2.19% quarter-on-quarter (QoQ). Provisions stood at ₹226.2 crore against ₹137.8 crore QoQ and ₹82.3 crore YoY.
The results came after the close of the market hours. Shares of ESAF Small Finance Bank Ltd ended at ₹60.10, down by ₹0.36, or 0.60%, on the BSE.
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